article thumbnail

Proposed 30% US tax credit for e-bike purchases gains support in Congress

Electrek

Americans are getting closer to a federal tax credit for electric bicycles, a proposal that could be similar in concept to the electric car and motorcycle tax incentives already on the books. more… The post Proposed 30% US tax credit for e-bike purchases gains support in Congress appeared first on Electrek.

article thumbnail

Rheinmetall books order for more than 500,000 hybrid vehicle engine blocks from SAIC

Green Car Congress

The Materials and Trade division of the tech enterprise Rheinmetall has booked a new order to produce engine blocks for a hybrid vehicle. SAIC covers the complete spectrum of drive technology, including vehicles with internal combustion engines, hybrid models and vehicles that are powered entirely by electricity.

Engine 225
article thumbnail

Kelly Blue Book: EV prices increased slightly in March, bucking general downward trend

Green Car Congress

The average new EV sold for $58,940 in March, according to Kelley Blue Book (KBB) estimates—well above the industry average. Kelley Blue Book data presented here does not include brands such as Ferrari and Rolls Royce.) The average price paid for a new EV increased by $313 (up 0.5%) in March 2023 compared to February 2023.

Price 210
article thumbnail

Kelley Blue Book finds average EV price in US down 5.4% in January due to Tesla price cuts

Green Car Congress

New-vehicle inventory levels are increasing from historic lows in early 2022, but prices remain elevated, according to data released by Kelley Blue Book, a Cox Automotive company. The average new EV sold for $58,725, according to Kelley Blue Book estimates, and is still well above the industry average. month over month and down 5.5%

Price 199
article thumbnail

Kelley Blue Book: New-vehicle prices hit record high in November; average new EV price $65,041

Green Car Congress

According to data released by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681. of ATP, according to Kelley Blue Book estimates. Incentives remained stable in November 2022 at 2.2% of the average transaction price.

Price 210
article thumbnail

Volvo Cars opens order books for new electric C40 Recharge

Green Car Congress

The all-electric Volvo C40 Recharge is available online via volvocars.com in select markets across Europe as of this week. The propulsion system consists of twin electric motors, one on the front and one on the rear axle, powered by a 78 kWh battery that can be fast-charged to 80% in about 40 minutes. of total Volvo Car USA sales.

Recharge 297
article thumbnail

Kelley Blue Book: average new-vehicle prices in US up 5.4% in May y-o-y; average EV price down 10.8%

Green Car Congress

The estimated average transaction price for a light vehicle in the United States was $41,263 in May 2021, according to the analysts at Kelley Blue Book. Electric Vehicle. Kelley Blue Book average transaction prices do not include applied consumer incentives. Compact Car. Compact SUV/Crossover. Entry-level Luxury Car.

Price 299